Corporacion Inmobiliaria Vesta (NYSE:VTMX) Stock: Insider Romero Alejandro Pucheu Sells 120,000 Shares

Key Points

• Insider Romero Alejandro Pucheu sold 120,000 Vesta shares for $447,600, reducing his direct holdings by 39.7% to 182,287 shares. He also sold a combined 110,000 shares in two earlier transactions.
• Vesta reported quarterly EPS of $1.18, beating the $0.46 analyst consensus, while revenue of $79.56 million slightly topped estimates of $79.15 million.
• Analysts’ consensus rating is Hold, with an average price target of $42. The company’s quarterly dividend was $0.1999 per share, equivalent to an annualized yield of about 2.1%.

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX - Get Free Report) insider Romero Pucheu sold 120,000 shares of the stock in a transaction that occurred on Friday, November 6th. The stock was sold at an average price of $3.73, for a total transaction of $447,600.00. Following the completion of the sale, the insider directly owned 182,287 shares of the company's stock, valued at $679,930.51. This trade represents a 39.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Romero Alejandro Pucheu also recently made the following trade(s):

• On Tuesday, November 3rd, Romero Pucheu sold 52,350 shares of Corporacion Inmobiliaria Vesta stock. The stock was sold at an average price of $3.64, for a total transaction of $190,554.00.
• On Friday, October 30th, Romero Pucheu sold 57,650 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.63, for a total transaction of $209,269.50.

Corporacion Inmobiliaria Vesta Stock Up 2.0%

VTMX traded up $0.76 on Monday, reaching $38.38. 16,200 shares of the company traded hands, compared to its average volume of 85,626. The company has a market cap of $3.69 billion, a price-to-earnings ratio of 7.01, a PEG ratio of 3.76 and a beta of 0.59. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.46 and a quick ratio of 3.46. The stock's 50 day moving average price is $34.48 and its 200-day moving average price is $34.20. Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR has a 52-week low of $29.63 and a 52-week high of $38.44.

Corporacion Inmobiliaria Vesta (NYSE:VTMX - Get Free Report) last issued its earnings results on Thursday, October 22nd. The company reported $1.18 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.46 by $0.72. Corporacion Inmobiliaria Vesta had a net margin of 156.69% and a return on equity of 16.24%. The company had revenue of $79.56 million during the quarter, compared to analyst estimates of $79.15 million. On average, sell-side analysts expect that Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR will post 3.00 EPS for the current fiscal year.

Corporacion Inmobiliaria Vesta Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 22nd. Investors of record on Wednesday, October 14th were given a dividend of $0.1999 per share. This represents a $0.80 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Wednesday, October 14th. Corporacion Inmobiliaria Vesta's dividend payout ratio (DPR) is presently 12.20%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of Corporacion Inmobiliaria Vesta from a "hold (c)" rating to a "hold (c+)" rating in a research note on Monday, October 26th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $42.00.

About Corporacion Inmobiliaria Vesta

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.